Canada’s industrial investment property sector continued to outperform during the second quarter of 2022, says Morguard’s ‘2022 Canadian Economic Outlook and Market Fundamentals Second Quarter Update.’ Overall, second quarter investment property sales declined from last year’s rates. The largest investment declines were seen primarily in the retail sector and partly in the multi-suite residential rental sector. The industrial sector showed no signs of a slowdown. Investors competed intensely to acquire properties in the industrial sector as properties saw rents double and even triple since the onset of the pandemic. “With the worst of the pandemic appearing to have passed, investors are demonstrating confidence in Canada’s investment property sector,” says Keith Reading, director of research, at Morguard. “Sales are expected to remain brisk during the third quarter, however, investors are cautious due to concerns about the economy, financial markets, and the geopolitical environment.”
- PWC